Complete a monthly finance review (books reviewed and closed each month)
Reviewing your finances once a month is how problems get caught while they're small. Fifteen minutes a month keeps you in control instead of being surprised by your bank balance.
Do this
- Pick a set day each month (e.g. the 1st) and put it on your calendar.
- Check three things: income, expenses, and profit for the month.
- Ask: what was higher or lower than expected, and why?
- Write down one money action for next month.
Monthly Money Review (15 min)
- Total income for the month
- Total expenses for the month
- Profit = income − expenses
- Biggest surprise (good or bad) and why
- One money action to take next month
